# Astra

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/astra

- Industry: Software
- Headquarters: San Francisco, US
- Website: www.astra.finance
- Total disclosed funding: $13M
- Latest round: Series A (Sep 9, 2022)
- Investors on record: 5

## About

Based in California, US, and founded in 2016 by CEO Gil Akos, COO Sam Morgan, and CTO Zach Nolan, Astra, Inc., a.k.a. Astra is a financial technology company that provides a money movement platform for financial institutions, fintech startups, and enterprises, enabling them to automate bank transfers between their customers’ networks of accounts using rules-based routines. In October 2022, Astra, Inc. raised USD 30 million in venture debt funding from new investor CoVenture. The round was part of a larger USD 40 million debt and equity funding.

The company provides an automated money movement platform that allows developers to seamlessly add faster settlement and financial automation to their existing products. The platform also offers risk mitigation and anti-fraud measures to enhance the level of financial functionality. Astra’s proprietary vertically integrated API allows developers to easily embed financial automation within their existing products to offer a wide range of solutions, such as instant debit card transfers, ledger automation, peer-to-peer transfers, fund new customer accounts, instant direct deposit switching, automated balance refills, and more.

Astra plans to use its proceeds from October 2022 funding to support the growth of its existing payment products and expand its team across engineering and compliance resources.

## Funding rounds

- Series A, Sep 9, 2022, $11M — AllegisCyber Capital, Slow, FPV Ventures
- Seed, Aug 16, 2019, $1.7M — Slow, Alumni Ventures Group, Hustle Fund

## Investors

- Slow (https://capitalatlas.ai/funds/slow) — Seed, Series A
- Alumni Ventures Group (https://capitalatlas.ai/funds/alumni-ventures-group) — Seed
- Hustle Fund (https://capitalatlas.ai/funds/hustle-fund) — Seed
- AllegisCyber Capital (https://capitalatlas.ai/funds/allegiscyber-capital) — Series A
- FPV Ventures (https://capitalatlas.ai/funds/fpv-ventures) — Series A